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Financials and Investment News in Egypt

Mamish: Egypt to Be Regional Source of Green Hydrogen
11/20/2022 - Presidential Adviser for the projects of the Suez Canal axis and Ports Mohab Mamish said Egypt will be a regional source of green hydrogen in light of presidential directives to start the implementati...
Trade Min., Chinese Amb. Confer on Boosting Economic Cooperation
11/20/2022 - Trade and Industry Minister Ahmed Samir met Sunday with Liao Liqiang, the Chinese Ambassador in Cairo, to discuss means of boosting economic cooperation between the two countries.

The meeti...
Egypt Inked Deals on Renewable Energy, Green Hydrogen Worth $119 Bln
11/20/2022 - Egypt signed agreements and MoUs in the field of renewable energy and green hydrogen worth $119 billion, according to Maged Karam el-Din, a technical director of the Regional Center for Renewable Ener...
Transport Minister Posts PM on Efforts to Upgrade Sokhna Port
11/20/2022 - Work is underway to upgrade the Ain Sokhna Port to be a hub for international trade movement, says Transport Minister Kamel el Wazir.

Speaking during a meeting with Prime Minister Moustafa ...
Oil Minister Chairs Egypt's Delegation to Oif Summit in Tunisia
11/20/2022 - Minister of Petroleum and Mineral Resources Tareq el Molla chairs the Egyptian delegation taking part in the 18th summit of the International Organization of Francophonie (OIF) currently held in the T...
3,000 Tons of Goods Handled at Red Sea Ports
11/21/2022 - As many as 13,000 tons of goods were being handled at the different harbors of the Red Sea, the Red Sea Ports Authority (RSPA) said in a statement .

Imports included 4,000 tons of goods, 29...
House Speaker Says Amendments to Investment Law "Important" to Lure Foreign Capital
11/21/2022 - Speaker of the House of Representatives Hanafy Gebaly has hailed as "important" a bill submitted by the government to amend some provisions of the investment law of 2017.

Addressing a plena...
Cairo, Germany's Ruhrpumpen Group Discuss Promoting Local Manufacture of Pumps
11/22/2022 - Minister of Petroleum and Mineral Resources Tareq el Molla discussed during a meeting with Chairman and CEO of Germany’s Ruhrpumpen Group Cesar A. Elizondo ways to support and promote the local manufa...
Telecom Egypt, Meta Announce 1st Landing of 2Africa Subsea Cable in Egypt's Ras Ghareb
11/22/2022 - As part of the 2Africa consortium, Meta and Telecom Egypt announced the first landing of the 2Africa subsea cable in Egypt at the Red Sea city of Ras Ghareb, with another landing expected in Port Said...
PM Reviews Developments of Bailout Program With IMF
11/22/2022 - Prime Minister Mostafa Madbouli chaired a meeting of the Ministerial Economic Committee to follow up on the developments of a bailout program with the IMF to support the national economy.

T...
Egypt Seeks to Strengthen Transport Links Among Arab Countries - Minister
11/22/2022 - Transport Minister Kamel El Wazir said the Egyptian Transport Ministry exerts tireless efforts to strengthen transport links among Arab countries via air, road, and sea.

Wazir was deliverin...
House Approves Amendment to Agreement Signed With IITFC to Up Credit Ceiling
11/22/2022 - The House of Representatives approved during a session under speaker Hanafi El Gebali presidential decree no. 299 of 2022 on the amendment no. 1 of a framework agreement signed between the Arab Republ...
PM Asserts Importance of Boosting Cooperation Efforts for Encouraging Efforts of Green Transition
11/22/2022 - Prime Minister Moustafa Madbouli asserted the importance of boosting multi-party cooperation efforts and strengthening partnerships between Egypt and development partners for encouraging the national ...
Black Sand plants complex aims to establish new industrial zones: IDSC
11/22/2022 - The complex of black sand factories primarily aims to establish new industrial zones, provide foreign currencies by exporting surplus, clear beaches from environmentally harmful radioactive materials,...
PM Reviews Efforts to Lure More Investments in Capital Market
11/23/2022 - Prime Minister Moustafa Madbouli followed up on efforts to attract more investments in Egyptian capital market during a meeting ,in the presence of Governor of Central Bank of Egypt Hassan Abdullah, M...
Health Min., Singaporean Amb. Discuss Boosting Health Cooperation
11/23/2022 - Health and Population Minister Khaled Abdel Ghaffar has discussed with Singaporean Ambassador to Egypt Dominic Goh ways of boosting bilateral cooperation between Egypt and Singapore in the health sphe...
PM Attends Signing of Protocol Between Justice Ministry, Telecom Egypt
11/23/2022 - Prime Minister Moustafa Madbouli attended the signing of a cooperation protocol between Justice Ministry and Telecom Egypt at the government's HQ in the New Administrative Capital.

The deal...
Dollar Price Stable at Egypt's Major Banks
11/23/2022 - The US dollar exchange rate was stable at the beginning of transactions at Egypt's major banks.

At the National Bank of Egypt (NBE) and Banque Misr, the dollar rate registered EGP 24.46 for...
Agriculture Minister RECEIVES Saudi Amat Poultry Company oFFICIAL
11/23/2022 - Within the framework of the political leadership directives to support investors, Agriculture and Land Reclamation Minister El Sayyed El Quseir met on with Chairman of the Board of Directors of Amat P...
Egypt, Greece Ink Mou in Field of Maritime Search, Rescue
11/23/2022 - Minister of Defense and Military Production Mohamed Zaki and Greek Defense Minister Nikolaos Panagiotopoulos inked a Memorandum of Understanding (MoU) in the field of maritime search and rescue in the...

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